Blue Zone Holdings, Inc. (TSE: 417A) is the holding company established on October 1, 2025 through a sole-share transfer that placed supermarket operator Yaoko Co., Ltd. under a new listed parent. Reporting its first consolidated fiscal year (ended March 31, 2026) under Japanese GAAP, the Saitama-based group posted operating revenue of ¥813.2 billion, operating profit of ¥36.4 billion, ordinary profit of ¥35.7 billion and net profit attributable to owners of ¥23.6 billion. Because the company was newly formed, no prior-year comparatives are presented. EPS was ¥115.91 (adjusted for a 5-for-1 split effective April 1, 2026), ROE was 12.4% and the operating margin 4.5%.
Expansion through supermarket M&A
During the year the group widened its consolidation scope, bringing in Delight Holdings and its subsidiary Cook Mart, as well as Bunkado — regional supermarket chains that extend Yaoko's footprint. The strategy underpins management's growth plan built around scale in food retailing across the greater-Tokyo and central-Japan markets.
Balance sheet and cash flow
Total assets stood at ¥427.8 billion, net assets at ¥206.0 billion and the equity ratio at 46.6%, with book value per share of ¥980.25. Operating cash flow was ¥47.1 billion, against investing outflows of ¥46.4 billion (reflecting the acquisitions and store investment), leaving a year-end cash position of ¥52.8 billion.
Dividend and FY2027 outlook
For FY3/2026 Blue Zone declared a year-end dividend of ¥97.50 per share (payout 16.8%); including the ¥62.50 interim paid by Yaoko before the share transfer, the effective annual dividend equates to ¥160 per share. For FY3/2027 the group guides operating revenue of ¥903.0 billion (+11.0%), operating profit of ¥37.5 billion (+2.9%), ordinary profit of ¥36.4 billion (+1.7%) and net profit of ¥23.9 billion (+1.3%), for EPS of ¥117.40, with a post-split annual dividend of ¥32.00.
| Metric | FY3/2026 (actual) | FY3/2027 (guidance) |
|---|---|---|
| Operating revenue (¥bn) | 813.2 | 903.0 |
| Operating profit (¥bn) | 36.4 | 37.5 |
| Ordinary profit (¥bn) | 35.7 | 36.4 |
| Net profit attrib. (¥bn) | 23.6 | 23.9 |
| EPS (¥, split-adj.) | 115.91 | 117.40 |
| Equity ratio | 46.6% | — |
| ROE | 12.4% | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.